On 19 Jul 2018, Wheelock Properties parent (Hong Kong listed firm) made an offer to take the company private. Stock price jumped up 26% after trading halt. It is not a surprised as the Hong Kong listed firm already owns 76.21% of the Singapore listed arm.

Source: tradingview.com

Following this action, there is another company widely speculated to be privatised as this listed company bears similar traits to Wheelock Properties.